Who is a Fiduciary?

Are you aware that as an employer sponsoring a retirement plan under the Employee Retirement Income Security Act (ERISA), you have a fiduciary responsibility?

Staying knowledgeable of your role as a fiduciary and the associated responsibilities you must properly manage are key to your company’s retirement plan success. View “Who is a Fiduciary?” to better understand your individual role and what qualifies other members of your team as a fiduciary.

This brief and engaging 3-minute video will highlight:

Who is a fiduciary?

What roles or specific responsibilities fiduciaries have?

Need a Retirement Plan Design?

We’ve designed hundreds of plans for one-man shops to medium-sized businesses. See how we can design the best one for your needs.

Reasons why you need a good TPA

1. A good TPA will design a plan to fit your needs, taking into account the demographics of your staff.
2. A good TPA will draft a plan document that incorporates your plan design and is flexible enough to meet future needs.
3. A good TPA is knowledgeable in the intricacies of Pension law and regulations and will keep your document up-to-date and in compliance with current laws.
4. A good TPA will guide you in the operation of the Plan so that it runs smoothly and remains in compliance.

We are a TPA of pension plans. That is all we do, that is our bread and butter. Because of this, you can be assured of our dedication to seeing that your plan is designed creatively to meet your goals and administered in compliance with current laws and regulations. Read “The Value of a Good TPA” written by an ERISA attorney, or contact us.

Why your payroll company should not serve as TPA to your plan

If your payroll company tries to sell a 401(k) plan to you, we recommend that you decline their offer. The packages they offer include cookie-cutter-type plans and a limited roster of investments from which they receive compensation. Pension plan administration is not their primary area of expertise; payroll is. Read the article: “Why You Shouldn’t Hire your Payroll Company to Run your 401(k) Plan” by Ary Rosenbaum, for more details, or contact us.